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33491680
33492650

16802 North Cave Creek Road, Phoenix, AZ 85032

SA
CA CA 01726727
DMC Real Estate
DC
CA 02179670
DMC Real Estate
Listed by DMC Real Estate
$4,148,000
3 days on market
Updated 1 day ago

16802 North Cave Creek Road

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 21,219
Net Rentable (SqFt) 21,219
Cap Rate 7.00%
NOI $290,356
Occupancy 84%
Tenancy Multi
Lease Type NNN
Year Built 1978
Acreage 1.370
Ground Lease No

3 buildings at the intersection of Cave Creek & Bell Road, with 70k CPD

Marketing description

Introducing Cave Creek Plaza, shadow Anchored by Home Depot, AutoZone, & Carl’s Jr. [NAP].Located at the intersection of Bell Road and Cave Creek Road in Phoenix, Arizona, comprised of 3 buildings, ±21,246 SF shopping center situated on approximately 1.37 acres presents a highly attractive investment opportunity in one of the city’s most established and heavily trafficked retail corridors. The property benefits from exceptional visibility and access, with over 70,000 vehicles per day along Bell & Cave Creek Road, this center drives consistent exposure and consumer traffic. Over 35% of GLA has been operating at the center for 10+ years. National tenants: Boost Mobile & H&R Block. Marketing team: DMC Real Estate Inc. Designated Broker: Winnfort Myles, AZ License # BR520347000

Investment highlights

  • Shadow Anchored by Home Depot, AutoZone, & newly built Carl’s Jr. [NAP]
  • Signalized Corner with a combined traffic count of 70,000+ VPD
  • 3 buildings
  • Includes National tenants: Boost Mobile & H&R Block
  • Over 35% of GLA has been operating at the center for 10+ years
  • Newly painted

Listing Contacts

SA
CA CA 01726727
DMC Real Estate
DC
CA 02179670
DMC Real Estate
Listed by DMC Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$290,356.00
$24,196.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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